LAWSUITS NEWS & LEGAL INFORMATION
BP America, formerly Amoco Production Co., was accused of not correctly calculating royalty payments. The case revolved around an underpayment of royalties for natural gas production in La Plata and Archuleta counties that was filed in May 1994 against Amoco Production Ltd. In 2003, a lawsuit ruled that BP couldn't deduct costs tied to getting the gas ready for market. An agreement was reached before the second trial scheduled in October 2005. BP mailed checks totaling $120 million to about 4,500 southwestern Colorado landowners. (Jul-19-06) [ROCKY MOUNTAIN NEWS]
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Published on Jul-24-06
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